The two step buy-out is a recent merger plot that has which of the following characteristics?

A. It is negotiated in a social, rather than a business setting. B. The acquiring firm offers to pay a very high price for the target company's stock, and a short time later announces another price which may be higher or lower. C. The acquiring firm offers to pay a very high price for the target company's stock for a limited time only, after which it will pay a considerably lower price. D. It forces stockholders to sell out./20